Bitzero Secures $2.6 Billion Lease Deal to Power AI Data Centers

A pioneering Bitcoin miner, Bitzero Holdings (NASDAQ: AIBZ), has made a groundbreaking entry into the lucrative world of AI data-center infrastructure. The company has signed a binding letter of intent with OneQode Networks to lease its 110 MW Namsskogan, Norway data center site under a 15-year agreement tied to GPU-based AI workloads.

The deal carries an implied value of roughly $2.6 billion over the lease term and marks Bitzero's formal entry into the large-scale AI data-center infrastructure market.

Bitzero's innovative approach has been backed by Shark Tank's Kevin O'Leary, who sees the company as a fundamentally different kind of crypto enterprise, one rooted in energy infrastructure, not just speculation. 'If I want exposure to crypto, I only need three positions now … I own Bitzero because they mine Bitcoin and they're actually a power company,' O'Leary said.

The Nordic region, with its vast hydroelectric and nuclear baseloads, has become the new hub for digital infrastructure. Power prices in Norway and Finland are significantly lower than many major European markets, making it an attractive location for AI data centers.

Bitzero's expansion strategy focuses on securing large amounts of low-cost electrical power across Norway, Finland, and the United States. The company has a significant presence in Norway, with its flagship Namsskogan operation supporting active Bitcoin mining and now serving as the foundation for its AI infrastructure business.